KUALA LUMPUR – Over half or 56.9% of respondents in an online survey conducted by The Edge ahead of the unveiling of Budget 2019 on Friday are of the opinion that the government should not raise tax revenue to pare down national debts. Altogether 2,643 respondents took part in the…
PETALING JAYA – Construction services and building material costs will not be charged under the Sales and Service Tax (SST), said Finance Minister Lim Guan Eng. In a statement on Sunday (Aug 12), Lim said basic materials such as bricks, cement, sand and other construction materials were subjected to the…
PETALING JAYA – Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. “With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax)…
There has been plenty of talk recently in relation to the Goods and Services Tax (GST) and the Sales and Service Tax (SST) and what the impact of each is to the consumers. There is also plenty of information that has been made available to the public through various sources…
The new sales tax and service tax (SST) implementation models were presented by the Ministry of Finance on July 19, 2018. Unlike the unified goods and services tax (GST) which applies to both goods and services, sales tax and service tax will apply separately to goods and services respectively. The…
PETALING JAYA – The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector. Sunway University Business School professor of economics Dr Yeah Kim Leng said there will be some downward pressure in terms of pricing and consumers will benefit from…
PETALING JAYA – With zero-rated Goods and Service Tax (GST) beginning next month, property consultants expect it to be a fresh lead that encourages purchasers to end the wait-and-see approach and make their buying decision. Knight Frank Malaysia managing director Sarkunan Subramaniam opines that the zero-rated GST as a smart…
PETALING JAYA – Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance. “However, there will be a period of…
